Envestnet Asset Management Inc. Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Asset Management Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,746,683 shares of the apparel and home fashions retailer's stock after selling 157,922 shares during the period. Envestnet Asset Management Inc. owned 0.34% of TJX Companies worth $456,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after acquiring an additional 626,739 shares during the last quarter. Northern Trust Corp boosted its stake in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TJX Companies during the 4th quarter valued at $1,670,565,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Down 0.5%

TJX Companies stock traded down $0.68 during trading hours on Monday, hitting $125.18. 3,894,137 shares of the stock traded hands, compared to its average volume of 5,196,325. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a market cap of $139.84 billion, a PE ratio of 29.45, a PEG ratio of 2.94 and a beta of 0.88. The firm's 50-day moving average price is $127.16 and its two-hundred day moving average price is $124.07. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.